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Consolidated Cash Flow Statement in summary January–December
MSEK 2007 2006
Profit before income taxes 2,662 3,173
adjustments for non-cash items and other 120 110
Income tax paid –410 –1,732
Cash flow from operating activities before changes in working capital 2,372 1,551
Cash flow from changes in working capital –45 –216
Net cash from operating activities 2,327 1,335
Investing activities    
acquisition of property, plant and equipment* –541 –304
proceeds from sale of property, plant and equipment 1,165 100
acquisition of intangible assets –68 –270
acquisition of subsidiaries, net of cash acquired –1,209 –29
divestment of business operations – 31
Changes in financial receivables etc. 112 –60
Changes in current investments 51 277
Net cash used in investing activities –490 –255
Financing activities    
Changes in loans 1,802 3,129
dividends –664 –627
Repurchase of own shares –2,575 –3,674
Stock options exercised 122 94
Other –111 –86
Net cash used in financing activities –1,426 –1,164
Net increase/decrease in cash and cash equivalents 410 –85
Cash and cash equivalents at the beginning of the period 3,042 3,325
Effect of exchange rate fluctuations on cash and cash equivalents –13 –198
Cash and cash equivalents at the end of the period 3,439 3,042
* Includes investments held for sale and biological assets    
Consolidated statement of recognized income and expense January–December
MSEK 2007 2006
actuarial gains and losses related to pensions, incl. payroll tax* –57 44
available-for-sale financial assets – –40
Cash flow hedges 38 –
Translation difference in foreign operations –258 –867
Tax on items taken to/transferred from equity –5 –27
Total transactions taken to equity –282 –891
Net profit for the period recognized in the income statement 2,056 2,335
Total income and expense recognized for the period 1,773 1,443
Attributable to:    
Equity holders of the parent 1,772 1,443
Minority interests 1 1
Total income and expense recognized for the period 1,773 1,443
* actuarial gains and losses are calculated at the end of the fourth quarter    
Change in Shareholders’ equity January–December
MSEK 2007 2006
Opening balance as per January 1 2,041 5,083
Total income and expense recognized for the period 1,773 1,443
Changed accounting principle IaS 19, net after tax – –284
Repurchase of own shares –2,575 –3,679
Stock options exercised 122 94
Share-based payments, IFRS 2 28 10
Cancellation of shares –18 –56
bonus issue 18 56
dividends –664 –627
Minority interest 0 0
Closing balance as per December 31 724 2,041
Parent company Income Statement in summary   Full year  
MSEK 2007
2006
Net sales 6   13
Cost of sales –3   –8
Gross profit 3   5
Selling and administrative expenses –351   –373
Operating loss –348   –368
Income from participation in Group companies 17,714   7,366
Net finance cost –368   –105
Profit after financial items 16,998   6,893
appropriations 11   11
Profit before income tax 17,009   6,904
Income tax expense 30   –285
Profit for the year 17,039   6,619
Parent company Balance Sheet in summary    
MSEK Dec 31, 2007 Dec 31, 2006
Intangible and tangible fixed assets 19 29
Financial fixed assets 52,082 15,719
Current assets 7,381 7,391
Total assets 59,482 23,139
Equity 22,182 8,253
untaxed reserves 13 24
Non-current liabilities 26,421 7,271
provisions 20 –
Current liabilities 10,846 7,591
Total liabilities and untaxed reserves 37,300 14,886
Total equity and liabilities 59,482 23,139

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Consolidated Cash Flow Statement in summary January–December
MSEK 2007 2006
Profit before income taxes 2,662 3,173
adjustments for non-cash items and other 120 110
Income tax paid –410 –1,732
Cash flow from operating activities before changes in working capital 2,372 1,551
Cash flow from changes in working capital –45 –216
Net cash from operating activities 2,327 1,335
Investing activities    
acquisition of property, plant and equipment* –541 –304
proceeds from sale of property, plant and equipment 1,165 100
acquisition of intangible assets –68 –270
acquisition of subsidiaries, net of cash acquired –1,209 –29
divestment of business operations – 31
Changes in financial receivables etc. 112 –60
Changes in current investments 51 277
Net cash used in investing activities –490 –255
Financing activities    
Changes in loans 1,802 3,129
dividends –664 –627
Repurchase of own shares –2,575 –3,674
Stock options exercised 122 94
Other –111 –86
Net cash used in financing activities –1,426 –1,164
Net increase/decrease in cash and cash equivalents 410 –85
Cash and cash equivalents at the beginning of the period 3,042 3,325
Effect of exchange rate fluctuations on cash and cash equivalents –13 –198
Cash and cash equivalents at the end of the period 3,439 3,042
* Includes investments held for sale and biological assets    
 
Consolidated statement of recognized income and expense January–December
MSEK 2007 2006
actuarial gains and losses related to pensions, incl. payroll tax* –57 44
available-for-sale financial assets – –40
Cash flow hedges 38 –
Translation difference in foreign operations –258 –867
Tax on items taken to/transferred from equity –5 –27
Total transactions taken to equity –282 –891
Net profit for the period recognized in the income statement 2,056 2,335
Total income and expense recognized for the period 1,773 1,443
Attributable to:    
Equity holders of the parent 1,772 1,443
Minority interests 1 1
Total income and expense recognized for the period 1,773 1,443
* actuarial gains and losses are calculated at the end of the fourth quarter    
 
Change in Shareholders’ equity January–December
MSEK 2007 2006
Opening balance as per January 1 2,041 5,083
Total income and expense recognized for the period 1,773 1,443
Changed accounting principle IaS 19, net after tax – –284
Repurchase of own shares –2,575 –3,679
Stock options exercised 122 94
Share-based payments, IFRS 2 28 10
Cancellation of shares –18 –56
bonus issue 18 56
dividends –664 –627
Minority interest 0 0
Closing balance as per December 31 724 2,041

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Parent company Income Statement in summary   Full year  
MSEK 2007
2006
Net sales 6   13
Cost of sales –3   –8
Gross profit 3   5
Selling and administrative expenses –351   –373
Operating loss –348   –368
Income from participation in Group companies 17,714   7,366
Net finance cost –368   –105
Profit after financial items 16,998   6,893
appropriations 11   11
Profit before income tax 17,009   6,904
Income tax expense 30   –285
Profit for the year 17,039   6,619
 
Parent company Balance Sheet in summary    
MSEK Dec 31, 2007 Dec 31, 2006
Intangible and tangible fixed assets 19 29
Financial fixed assets 52,082 15,719
Current assets 7,381 7,391
Total assets 59,482 23,139
Equity 22,182 8,253
untaxed reserves 13 24
Non-current liabilities 26,421 7,271
provisions 20 –
Current liabilities 10,846 7,591
Total liabilities and untaxed reserves 37,300 14,886
Total equity and liabilities 59,482 23,139